Field participation details

The field is owned by EP Petroecuador.

Production from Palo Azul

The Palo Azul conventional oil field recovered 94.97% of its total recoverable reserves, with peak production in 2006. Based on economic assumptions, production will continue until the field reaches its economic limit in 2032. The field currently accounts for approximately 1% of the country’s daily output.

About Petroamazonas EP

Petroamazonas EP (Petroamazonas) is a oil and gas company that provides exploration and production of hydrocarbons and related substances. The company operates upstream oil and gas operations which include assets management, planning and management control, financial management, maintenance, information technology, operations and drilling, among others. It also provides programs and services such as data management, plans and manuals, safety health, software and environment, community relations, and drilling services. Petroamazonas explores and produces light, medium, heavy and extra-heavy crude oil. Petroamazonas is headquartered in Quito, Pichincha, Ecuador.

For more details on the Palo Azul Conventional Oil Field, buy the profile here.

This content was updated on 21 July 2023

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